Etax Australia Pty Ltd in Officer, Victoria, Australia | Accountant

Etax Australia Pty Ltd

Locality: Officer, Victoria, Australia

Phone: +61 1300 488 433

Address: Christopher Rd 3809 Officer, VIC, Australia

Website: http://www.etaxaust.com.au/

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20.01.2022 Handbags, briefcases and satchels purchased to carry items for work purposes : laptops, tablets, work papers or diaries, may be deductible. The deductibility of the bag will depend on: Cost - It's easier to justify to the ATO that a $300 bag is for work purposes than a $10,000 Prada bag.... Type - Large bags that can carry work items will more likely be deductible (than small handbags that only fit keys and lipstick). Use - Having a bag exclusively for work purposes will maximize deductions. See more

16.01.2022 More support for Small and Medium Business as more COVID grants given tax free status

09.01.2022 What are capital works deductions? Understanding tax depreciation can sometimes be confusing but as an investor, it’s important that you have a good understanding of the depreciation deductions you can claim to ensure you’re getting the most out of your investment property. As outlined by the Australian Taxation Office there are two categories that make up depreciation deductions - division 43 capital works deductions and division 40 plant and equipment depreciation. Capita...l works deductions are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property and items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation within the relevant dates. In a residential property, capital works deductions cover the following items: Bricks, mortar, walls, flooring and wiring Built-in kitchen cupboards Clothes lines Doors and door furniture (handles, locks etc.) Driveways Fences and retaining walls Sinks, basins, baths and toilet bowls Some common items in commercial properties that can be claimed as capital works deductions include: Bricks, mortar, walls, flooring, roofing and wiring Sinks, tiles, basins and toilet bowls Mezzanines Ducting for air conditioning Generally, any residential building where construction commenced after 15 September 1987 will allow the owner to capital works deductions at a rate of 2.5 per cent per year for up to forty years. If your property was constructed prior to these dates, it’s still important to get in touch with a qualified quantity surveyor such as BMT Tax Depreciation as often these buildings will have undergone some form of renovation which can result in capital works deductions for the owner. Contact us if you want to discuss ways tp save on tax